Tesla and BYD are locked in a battle to become the world's largest EV company. BYD has piled the pain on its rival so far this year, with sales and revenue surging as Tesla stutters.
BYD, China's largest automaker and the the world's biggest seller of electric vehicles, has unveiled a new ecosystem set to allow EVs to charge for 400 kilometers in just five minutes. Bloomberg NEF's Madeleine Brolly discusses what we know so far about the quick-charging battery and what this could mean for the broader EV industry.
Chinese electric automaker BYD said on Friday it signed a car parts distribution deal with Italian company Intergea, as part of its strategy to boost its presence in a key European market.
Electric car maker Tesla (TSLA 0.23%) has been under all sorts of pressure in 2025. The stock is trading down nearly 33% so far this year (as of March 26), and several analysts seem torn on the company.
President Trump announced new 25% tariffs on auto imports, impacting foreign automakers and potentially leading to retaliatory tariffs from countries like Japan, Canada, and the EU. US automakers like GM and Ford may see limited direct impact, but global free trade and the overall economy could suffer from escalating trade tensions. Companies with US production, like Toyota and BMW, will be less affected, while those without, like Audi, face significant challenges; Chinese EV makers remain largely unaffected.
BYD announced that its newest electric vehicle can charge in just five minutes brings EVs a step closer to the advantage gasoline has in refueling and crushes the models of competitors. As well as their sales last year surpassed the $100 billion mark, leapfrogging Elon Musk's Tesla on revenue, as the Chinese auto giant wows consumers with a range of electric and hybrid cars packed with high-tech features.
Chinese electric vehicle maker BYD plans to double its overseas sales this year as it steps up competition with Elon Musk's Tesla and other automakers, a top executive said Tuesday.
Chinese electric vehicle giant BYD is aiming to more than double its overseas sales to over 800,000 units in 2025 as it continues its aggressive international expansion, its chairman told analysts on an earnings call on Tuesday, Reuters reported.
Chinese electric vehicle giant BYD aims to double its sales outside China to over 800,000 cars in 2025 and will look to overcome tariffs by assembling cars locally, its chairman told analysts on an earnings call on Tuesday.
BYD surpasses Tesla in revenue and global sales for the first time, marking Tesla's worst year-over-year financial performance in over a decade. Both brands face challenges and opportunities.
The Chinese automaker BYD just reported its 2024 revenue, crossing the $100 billion barrier. Even though it doesn't have access to the US market, BYD's affordable EVs are popular in China.
BYD, China's largest maker of electronic vehicles, surpassed $100 billion in sales last year, beating out its beleaguered American competitor Tesla.